[ANN] ICONOMI - Fund Management Platform

[MalReynolds]

Ok, time for some maths:

Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$

Why are you dividing the total sum raised by 85,000,000? the 15% of ownership that will be retained by the core dev team will come out of the total sum raised as well.

Um, that ain't how it works.  The devs agree to mint 100M tokens.  The total collected during the ICO pays for only 85M ICN tokens of that 100M total to be distributed among investors.  The presumed market cap is bumped up to cover the remaining 15M ICN.  So ICONOMI raised $10.25M in their ICO and goes to the exchange with a presumed market cap of $10.25M / 0.85 = $12M.  Starting fair price on the exchange is $12M / 100M ICN = 0.12 USD per ICN.  With BTC at $605 USD each, the ICN price equivalently is 0.12 / 605 = 0.0002 (approx.) BTC per ICN or 20K satoshi each.

The devs get $10.25M in cash to spend in their operations AND ownership of 15M ICN tokens as their founder reward that is their personal property.  Their personal reward is separate from their operating expenses.  

[famiextrem]

Ok, time for some maths:

Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$

Why are you dividing the total sum raised by 85,000,000? the 15% of ownership that will be retained by the core dev team will come out of the total sum raised as well.

Um, that ain't how it works.  The devs agree to mint 100M tokens.  The total collected during the ICO pays for only 85M ICN tokens of that 100M total to be distributed among investors.  The presumed market cap is bumped up to cover the remaining 15M ICN.  So ICONOMI raised $10.25M in their ICO and goes to the exchange with a presumed market cap of $10.25M / 0.85 = $12M.  Starting fair price on the exchange is $12M / 100M ICN = 0.12 USD per ICN.  With BTC at $605 USD each, the ICN price equivalently is 0.12 / 605 = 0.0002 (approx.) BTC per ICN or 20K satoshi each.

The devs get $10.25M in cash to spend in their operations AND ownership of 15M ICN tokens as their founder reward that is their personal property.  Their personal reward is separate from their operating expenses.  

This is a good explanation.Now i am clear about the whole ICO project from the start to end. thank you,your calculation is right.

[LWYRUP]

Sorry two questions:

- When we get our ICN what do i need to send it to a exchanger? Somebody says i need a wallet of Ethereum. Thanks for help!
- What is the final ICO price for 1 ICN?

If you want to hold your own ICN then you need a Ethereum wallet and add the ICN contract.
Might be corrected but I think that how it works.

Is there a tutorial how to add a contract? And what wallet should i use?

I have the latest mist wallet and will be adding the contract when someone posts the info.

I have installed MIST. It says I need ETHER to do anything with the wallet. How many ETHER do I need to add the contract and send the ICN to an exchanger round about?

[raphma]

A lot of investment in last 2 days well decreased my expected ICN shares by 30% in a matter of hours. But I hope this means more value for ICN.

Just 30%? I lost almost 50% ICN in last 10 days.I had 2000 ICN and now they reduced to 1000.Only if I knew,I would have invested much more

technically, you still have the same amount 

how you can trade ICN if tokens dont be distribuited yet?

remember lisk and waves? that's how... its only IOU.

[jstern]

A lot of investment in last 2 days well decreased my expected ICN shares by 30% in a matter of hours. But I hope this means more value for ICN.

Just 30%? I lost almost 50% ICN in last 10 days.I had 2000 ICN and now they reduced to 1000.Only if I knew,I would have invested much more

The percentage will be higher once all the funds from banks are received in a few days.

[animalroam]

How did this ICO do? I've been reading the past few pages and it seems to have done alright except it's overfunded a bit.

[MalReynolds]

A lot of investment in last 2 days well decreased my expected ICN shares by 30% in a matter of hours. But I hope this means more value for ICN.

Just 30%? I lost almost 50% ICN in last 10 days.I had 2000 ICN and now they reduced to 1000.Only if I knew,I would have invested much more

The percentage will be higher once all the funds from banks are received in a few days.

I think you had to email ICONOMI a receipt showing that money is on the way before the ICO ended.  They should have right now the data they need to get the total very close to the final number.

[MoveCrypto]

If any BTC over 10000 is used to seed iconomi.performance, then that fund would be starting off with roughly 7000 BTC

That's some serious coin to be investing into ico's.  Would be cool if this started a trend for more projects to accept ETH and LSK into ico's.

There are already plenty of opportunities to directly invest some of that 199K ETH into ico's.  

A lot of opportunities to directly invest some of that 4MM chunk of LSK into ico's will start popping up once people start launching blockchain apps on Lisk

[SanFrancisco]

i invested short before the ico ended. luckily with btc and it was fast. cant wait for the icn!! now i have lisk and iconomi and ether. i am on the sunny side of life. 

[bitcoinuserz]

 

[BTCSpearo]

Ok, time for some maths:

Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$

Why are you dividing the total sum raised by 85,000,000? the 15% of ownership that will be retained by the core dev team will come out of the total sum raised as well.

Um, that ain't how it works.  The devs agree to mint 100M tokens.  The total collected during the ICO pays for only 85M ICN tokens of that 100M total to be distributed among investors.  The presumed market cap is bumped up to cover the remaining 15M ICN.  So ICONOMI raised $10.25M in their ICO and goes to the exchange with a presumed market cap of $10.25M / 0.85 = $12M.  Starting fair price on the exchange is $12M / 100M ICN = 0.12 USD per ICN.  With BTC at $605 USD each, the ICN price equivalently is 0.12 / 605 = 0.0002 (approx.) BTC per ICN or 20K satoshi each.

The devs get $10.25M in cash to spend in their operations AND ownership of 15M ICN tokens as their founder reward that is their personal property.  Their personal reward is separate from their operating expenses.  

oooops, my mistake

[EbonHawk]

How did this ICO do? I've been reading the past few pages and it seems to have done alright except it's overfunded a bit.

You can see the final numbers here 

https://ico.iconomi.net/

[techbytes]

If any BTC over 10000 is used to seed iconomi.performance, then that fund would be starting off with roughly 7000 BTC

That's some serious coin to be investing into ico's.  Would be cool if this started a trend for more projects to accept ETH and LSK into ico's.

There are already plenty of opportunities to directly invest some of that 199K ETH into ico's.  

A lot of opportunities to directly invest some of that 4MM chunk of LSK into ico's will start popping up once people start launching blockchain apps on Lisk

Yes, take a nice chunk of that 7000 BTC and put it into the next "ICOnomi".  Rinse and repeat and investors will be very happy.


-tb-

[Toro iskandar]

 

 
 

  0.00059 BTC

[ecawyna]

Ok, time for some maths:

Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$

Why are you dividing the total sum raised by 85,000,000? the 15% of ownership that will be retained by the core dev team will come out of the total sum raised as well.

Um, that ain't how it works.  The devs agree to mint 100M tokens.  The total collected during the ICO pays for only 85M ICN tokens of that 100M total to be distributed among investors.  The presumed market cap is bumped up to cover the remaining 15M ICN.  So ICONOMI raised $10.25M in their ICO and goes to the exchange with a presumed market cap of $10.25M / 0.85 = $12M.  Starting fair price on the exchange is $12M / 100M ICN = 0.12 USD per ICN.  With BTC at $605 USD each, the ICN price equivalently is 0.12 / 605 = 0.0002 (approx.) BTC per ICN or 20K satoshi each.

The devs get $10.25M in cash to spend in their operations AND ownership of 15M ICN tokens as their founder reward that is their personal property.  Their personal reward is separate from their operating expenses.  

Thank you very much sir! Very informative.

[electronicash]

Ok, time for some maths:

Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$

Why are you dividing the total sum raised by 85,000,000? the 15% of ownership that will be retained by the core dev team will come out of the total sum raised as well.

Um, that ain't how it works.  The devs agree to mint 100M tokens.  The total collected during the ICO pays for only 85M ICN tokens of that 100M total to be distributed among investors.  The presumed market cap is bumped up to cover the remaining 15M ICN.  So ICONOMI raised $10.25M in their ICO and goes to the exchange with a presumed market cap of $10.25M / 0.85 = $12M.  Starting fair price on the exchange is $12M / 100M ICN = 0.12 USD per ICN.  With BTC at $605 USD each, the ICN price equivalently is 0.12 / 605 = 0.0002 (approx.) BTC per ICN or 20K satoshi each.

The devs get $10.25M in cash to spend in their operations AND ownership of 15M ICN tokens as their founder reward that is their personal property.  Their personal reward is separate from their operating expenses.  

Thank you very much sir! Very informative.

Nice! I never really understood how they compute it as i just divide the whole amount accumulated during ICO to 100M. That i don't complicate that much but thanks a lot for the info. Will one day do an ICO of my own

[skeet]

Ok, time for some maths:

Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$

Why are you dividing the total sum raised by 85,000,000? the 15% of ownership that will be retained by the core dev team will come out of the total sum raised as well.

Um, that ain't how it works.  The devs agree to mint 100M tokens.  The total collected during the ICO pays for only 85M ICN tokens of that 100M total to be distributed among investors.  The presumed market cap is bumped up to cover the remaining 15M ICN.  So ICONOMI raised $10.25M in their ICO and goes to the exchange with a presumed market cap of $10.25M / 0.85 = $12M.  Starting fair price on the exchange is $12M / 100M ICN = 0.12 USD per ICN.  With BTC at $605 USD each, the ICN price equivalently is 0.12 / 605 = 0.0002 (approx.) BTC per ICN or 20K satoshi each.

The devs get $10.25M in cash to spend in their operations AND ownership of 15M ICN tokens as their founder reward that is their personal property.  Their personal reward is separate from their operating expenses.  

I think your explanation somehow contradict the previous blog post regarding ICO bounties. No mention of 15M ICN will go to the founders. Instead 2% (2 million ICN) of 100 million shall be reserve for bounties which means a total of 98 million ICN will be distributed to all ICO investors.

https://medium.com/iconominet/ico-bounties-ea2922888b85#.6dwysf8mk

[Trade_BTC]

Their team is so big that the funding will be split alot hopefully it's enough to keep us invested in profit.

[MoveCrypto]

Ok, time for some maths:

Total invested (so far after closed ICO): 10,254,276.64$ /85,000,000 ICN = 0.1206$

Why are you dividing the total sum raised by 85,000,000? the 15% of ownership that will be retained by the core dev team will come out of the total sum raised as well.

Um, that ain't how it works.  The devs agree to mint 100M tokens.  The total collected during the ICO pays for only 85M ICN tokens of that 100M total to be distributed among investors.  The presumed market cap is bumped up to cover the remaining 15M ICN.  So ICONOMI raised $10.25M in their ICO and goes to the exchange with a presumed market cap of $10.25M / 0.85 = $12M.  Starting fair price on the exchange is $12M / 100M ICN = 0.12 USD per ICN.  With BTC at $605 USD each, the ICN price equivalently is 0.12 / 605 = 0.0002 (approx.) BTC per ICN or 20K satoshi each.

The devs get $10.25M in cash to spend in their operations AND ownership of 15M ICN tokens as their founder reward that is their personal property.  Their personal reward is separate from their operating expenses.  

I think your explanation somehow contradict the previous blog post regarding ICO bounties. No mention of 15M ICN will go to the founders. Instead 2% (2 million ICN) of 100 million shall be reserve for bounties which means a total of 98 million ICN will be distributed to all ICO investors.

https://medium.com/iconominet/ico-bounties-ea2922888b85#.6dwysf8mk

85MM of genesis block goes to ico investors.  The remaining 15MM of genesis block goes to dev team, and dev team takes 2MM out of that to send to bounty people

[nyteo]

can not WD my coin?